Mineworx Announces Rights Offering and Share Consolidation

EDMONTON, Alberta, July 08, 2022 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the “Company” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announced that it will be offering rights (the "Rights Offering") to holders of its common shares ("Common Shares") of record at the close of business on July 18, 2022 (the “Record Date”). Pursuant to the Rights Offering, each holder of Common Shares (a “Shareholder”) will receive one (1) transferable right (each, a “Right”) for each Common Share held as of the Record Date. One (1) Right will entitle the holder thereof to subscribe for one Common Share upon payment of the subscription price of $0.015 per Common Share until 5:00 p.m. (Toronto time) (the “Expiry Time”) on September 12, 2022. Assuming the exercise of all Rights, the Rights Offering will raise gross proceeds of up to $5,207,679.

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